Notes to SEFA
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: THE ACCOMPANYIING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE ACTIVITY OF ALL FEDERAL AWARD PROGRAMS OF CLARENDON COUNTY SCHOOL DISTRICT TWO, MANNING, SOUTH CAROLINA (THE "SCHOOL DISTRICT") FOR THE YEAR ENDED JUNE 30, 2022. ALL FEDERAL AWARDS RECEIVED DIRECTLY FROM FEDERAL AGENCIES, AS WELL AS THOSE PASSED THROUGH OTHER GOVERNMENT AGENCIES, ARE INCLUDED ON THE SCHEDULE. THE ACCOMPANYING SCHEDULE IS PRESENTED USING THE MODIFIED ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
FEDERAL AWARD EXPENDITURES ARE REPORTED IN THE SCHOOL DISTRICT'S FINANCIAL STATEMENTS AS EXPENDITURES IN THE SPECIAL PROJECTS FUND AND THE FOOD SERVICE FUND.
Title: RELATIONSHIP TO THE FEDERAL FINANCIAL REPORTS
Accounting Policies: THE ACCOMPANYIING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE ACTIVITY OF ALL FEDERAL AWARD PROGRAMS OF CLARENDON COUNTY SCHOOL DISTRICT TWO, MANNING, SOUTH CAROLINA (THE "SCHOOL DISTRICT") FOR THE YEAR ENDED JUNE 30, 2022. ALL FEDERAL AWARDS RECEIVED DIRECTLY FROM FEDERAL AGENCIES, AS WELL AS THOSE PASSED THROUGH OTHER GOVERNMENT AGENCIES, ARE INCLUDED ON THE SCHEDULE. THE ACCOMPANYING SCHEDULE IS PRESENTED USING THE MODIFIED ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
AMOUNTS REPORTED IN THE ACCOMPANYING SCHEDULE AGREE WITH THE AMOUNTS REPORTED IN THE RELATED FEDERAL FINANCIAL REPORTS EXCEPT FOR TIMING DIFFERENCES RELATING TO EXPENDITURES MADE SUBSEQUENT TO THE FILING OF THE FEDERAL FINANCIAL REPORTS.